Investing resolutions:
Set up standing order payments to Investment accounts and Pension (done).
No FOMO investments. Ask yourself why are you investing in this company? Are the reasons based on common sense or are you gambling?
Life Resolutions:
Last year i decided to stop consuming so much news and dropped all Social media and i will be sticking to it, i can not tell you how much better i feel about life since doing this, i look at the headlines when i get up and watch a small amount of TV news, i donāt go near newspapers and try to avoid any clickbait websites, which is hard but always try to ask what are the real reasons this is being written.
Try to do stuff i have never done before, be a bit more adventurous.
Iāve been growing veg for years, love it. There is something very special about serving up dinner and all the veg on the plate was in the ground only a few hours before. Or minutes if itās something like a stir fryā¦ Iāve already sowed onion seed for this year.
My goal for the garden is to increase biodiversity. Iāve been working on this over the past couple of years and the front garden is next to work on. Iāll need to strip the turf and plant summer flowers. Sounds simple, but actually quite hard work. So itāll be done a bit at a time.
Investment goals are to continue to increase investments by a steady amount every month. Iām working with Ā£50 as a minimum amount as that fits with monthly budgeting. If it works out as planned, then I could have dividend income of over Ā£100 by the end of the year.
Personal goals - Iām becoming more unhappy at work, so itās either sort my head out, say something to the manager thatās causing the problem, or find another job.
I also want to see if I can get some of my writing published.
Disclaimer - These are not resolutions, they are goals, and Iām not going to beat myself up if they donāt work out.
Stories! Fantasy and Sci-fi. Iāve been self published before, years ago, but it needs a more professional approach now I think. So, polishing up some short stories to submit for writing competitions, anthologies and the like. And working on polishing a longer piece for submitting as a full novel.
As I lay here now in bed with a coffee whilst eating a ton of shortbread, I too think loosing a bit of chunk will be helpful!
Investments, well, Iāve just started so it IS my mission not to stop - I good at bailing on stuff like this, especially when it involves not spending!
On the flip side, I feel like during my early investing months, Iāve turned into a bit of a mentalist, overly obsessing on āhave I picked the right fundsā and scrutinising over every purchase - āthat Ā£30 takeaway could have gone into my etf!ā" ā¦ hopefully we have all been there and it isnt just me!
Other than that, use this forum to get to know people and learn more!
Garden goal - Totally achieved that one - so many more plants added, and flowers from February through to November.
Investment goals - Yep, achieved that one too. Iāve had just over Ā£100 of dividends over 2022, and continued to slowly grow my portfolio, which ended the year nicely in the green.
Personal goal - Well, kinda did that too. Got made redundant over the summer but as a result got head-hunted on the basis of my CV on Linkedin, and now work in a job I love with a team who appreciate and value my particular skillset.
Didnāt get any writing published.
Have we got a thread for this years goals/resolutions?
Well apart from my premium bonds- instead put into savings accounts due to increase in rates- not done too bad. No more properties for me this year. Just save, invest in shares where I can and try to upgrade the houses iv got to try reduce bills for me and the tenants.
Cycle less walk more. But not until I have all my wood stores full. Vary my walks much more. The dog clearly appreciates this.
See if I can sort out some more shoots next year. Most I used to do disappeared after COVID. The dog would appreciate that even more than more varied walks.
Get to the pub a bit more, twice a week isnāt really enough. The problem is the Ā£20 taxi fare home. So improving my stock picking is also needed.
Write a list of what I am going to grow and where I am going to grow itā¦ and stick to it.
Buy a replacement cargo trailer for wood. The neighbour has welded the present one half a dozen times.
Replace my ebike will one with disc brakes. I only buy second hand so not an instant purchase and will allow me to procrastinateā¦ foreverā¦ unless a real monster bargain turns up.
Think of more resolutions to fail at prior to New year!
My main financial resolution is to build up 3 months expenses in savings (t bills).
Other than that I plan on topping up investments but also see the world.
I cannot stress to everyone how beneficial it is paying off your mortgage as soon as possible. The piece of mind it gives you is worth all the riches in the world.